🚀 Welcome to this week’s Legacy Media Hub Newsletter, your ultimate source for the most relevant technology news, insights, and career information in the ever-evolving business landscape, helping you stay in the loop!
🌟 In this issue:
- Balancing Work & Life Insights from Tech Entrepreneur Michael Tobin OBE
- The European Union’s plans to invest €43 billion ($47 billion) in its semiconductor industry by 2030 if you missed it and why it matters
Balancing Work & Life Insights from Tech Entrepreneur Michael Tobin OBE
In this episode of Influential Visions, Nat Schooler sat down with Michael Tobin OBE, a former FTSE 250 CEO who transitioned into a successful tech entrepreneur.
Mike was the CEO of Data Centre Operator Telecity group which he grew from 6 Million to 2.8 Billion USD Market cap.
They discuss the importance of work-life balance and share valuable insights on how to achieve it in today’s fast-paced world. Don’t miss this engaging conversation! 🚀💼🌐
In this video, we’re talking with tech entrepreneur and BALANCER OF LIFE, Michael Tobin OBE. Michael shares tips on how to BALANCE WORK and LIFE, and how to KEEP THINGS IN BALANCE.
Media Not Displaying Properly Listen Here: https://youtu.be/mpc3kU09x64
The European Union’s plans to invest €43 billion ($47 billion) in its semiconductor industry by 2030.
The goal of the plan is to double the EU’s share of the global semiconductor market to 20%.
The EU Semiconductor Plan for 2030, known as the European Chips Act, is aimed at boosting Europe’s competitiveness and resilience in semiconductor technologies and applications.
The initiative is designed to support both the digital and green transitions by strengthening Europe’s technological leadership in this area. The plan recognizes the importance of chips as strategic assets in key industrial value chains, with new markets emerging for the chip industry, including highly automated cars, cloud services, the Internet of Things, connectivity, space, defence, and supercomputers. This importance is underscored by the fact that in 2020, 1 trillion microchips were manufactured globally, with the EU accounting for 10% of this market. The European Chips Act responds to recent global semiconductor shortages that have affected various sectors, from automotive to healthcare devices, and it aims to reduce the extreme global dependency on a limited number of players in the semiconductor value chain1.
The European Chips Act will mobilize more than €43 billion in public and private investments to address semiconductor shortages, prepare for, anticipate, and swiftly respond to any future supply chain disruptions. The plan’s specific goals include:
- Strengthening Europe’s research and technology leadership towards smaller and faster chips.
- Implementing a framework to increase production capacity to 20% of the global market by 2030.
- Building and reinforcing capacity to innovate in the design, manufacturing, and packaging of advanced chips.
- Developing an in-depth understanding of the global semiconductor supply chains.
- Addressing the skills shortage, attracting new talent, and supporting the emergence of a skilled workforce1.
The Chips Act is expected to result in additional public and private investments of more than €15 billion, complementing existing programs and actions in research and innovation in semiconductors. In total, more than €43 billion of policy-driven investment will support the Chips Act until 2030, which will be broadly matched by long-term private investment1.
The act proposes a range of measures, including investments in next-generation technologies, providing access to design tools and pilot lines across Europe for prototyping, testing, and experimenting with cutting-edge chips, and establishing certification procedures for energy-efficient and trusted chips. It also aims to create a more investor-friendly framework for setting up manufacturing facilities in Europe, support innovative startups, scale-ups, and SMEs in accessing equity finance, foster skills, talent, and innovation in microelectronics, provide tools for anticipating and responding to semiconductors shortages and crises, and build semiconductor international partnerships with like-minded countries1.
As for the next steps, Member States have begun coordinating efforts to understand the current state of the semiconductor value chain across the EU, anticipate potential disturbances, and take corrective measures to overcome the current shortage until the Regulation is adopted. The European Parliament and Member States will need to discuss the Commission’s proposals on a European Chips Act. If adopted, the Regulation will be directly applicable across the EU1.
The EU’s plan to manufacture chips by 2030 is a significant step in the bloc’s efforts to become more self-sufficient in critical technologies. The plan has the potential to create jobs, boost the EU’s economy, and reduce its reliance on foreign suppliers.
Here are some of the benefits of the EU’s plan to manufacture chips by 2030:
- Increased self-sufficiency: The EU will be less reliant on foreign suppliers for chips, which could help to reduce the risk of supply disruptions.
- Economic benefits: The plan could create jobs and boost the EU’s economy.
- Technological leadership: The EU could become a leader in the development and manufacturing of semiconductors.
The EU’s plan to manufacture chips by 2030 is an ambitious goal, but it is one that could have significant benefits for the bloc and wider afield.
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Influential Visions Podcast Technology-Focused YouTube Channel Is Full Steam Ahead
To support Influential Visions Podcast and our community our Technology-Focused YouTube Channel Is Full Steam Ahead, considering all the latest developments and disruptive technologies such as Chat GPT and other disruptions we thought that relaunching this channel was extremely important. And in the coming weeks we will be interviewing many more experts to discuss the current technology disruptions; what is coming next and how to stay one step ahead in their businesses and careers.
Next week we will have more content for you to absorb on our YouTube channel. We already have over 100 videos for your continued professional development – covering extremely relevant topics.
Next week we will be uploading much more…
Visit our YouTube channel to make sure you are notified of relevant videos.
Thanks for reading and listening!
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